$1 for Legal Brothel Business
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A $1 opportunity to purchase the internal fittings and furnishings of these legal brothel premises at the end of the first year of a new long term lease with a Base Rent of $75K + GST and outgoings in Year 1 of the lease OR you can purchase the freehold property with all furnishings included at $680K.
The premises are fully furnished and beautifully presented and were successfully operating for many years until closing due to the economic downturn in the greater Mackay area which is now in a strong recovery phase. The premises are fully compliant and has had local council DA approval to operate as a legal brothel business since 2002.
Business is not currently operating and there are no financial statements however the premises are fully fitted out and ready for reopening with a new owner of the property or a new lessee who will receive a 5 years lease plus 3 further 5 year option periods or as many be negotiated.
A new lessee will receive full ownership of all of the internal furnishings and equipment at the completion of Year 1 of the first 5 year lease period OR for the purchaser of the freehold property, the price will include all of the internal assets and furnishings.
A new Lessee of the premises will need to have sufficient funds to pay for:
• A bond or bank guarantee for 3 months of rent and outgoings
• The first month’s rent paid in advance
• The PLA brothel operator’s license fee of approximately $37,770
• Have some additional operating capital available for marketing, etc.
• Applicable legal fees
The ownership of a brothel business in Qld is only available to permanent residents or citizens of Australia (no foreign ownership allowed) with no criminal history, not a holder of a liquor license or been bankrupt.
Note - images are provided for display purposes only and may not accurately reflect the business advertised.
Contact Business Brokers Queensland on 1300 699 480 for further information on this business or to register for regular email updates on new businesses go to our website at www.bbqld.com.au.
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